Fasten your seatbelts: Bitcoin volatility in for a wild ride

[Blinken]

Fasten your seatbelts: Bitcoin volatility in for a wild ride
Stardate July 20. 2017

Day traders are salivating as Bitcoin spirals into insane volatility driven by Segwit speculation and tectonic changes in the virtual currency marketplace.

Private client brokers are sprouting like mushrooms. Many existing services like BTCBOX are creating large client services, hinting that Bitcoin is going bigtime. Meanwhile, as the thieving latte fatboy pled innocent as his futile criminal trial opened in Tokyo, Japanese retailers and all major Japanese exchanges are planning to suspend services during the August 1 signalling milestone. John McAfee, the well known security researcher has promised to eat his own dick if Bitcoin does not go above $500,000. I guess we know what his recent investments have been. In an effort to save McAfee's dick, Richard Branson announced "I think Bitcoin is working" in an interview. Insiders are predicting the August 1 doomsday will be a non-event, while naysayers are having a field day with $100 million in losses to Ethereum holders due to client protocol bugs. Meanwhile, anybody with any money left in Venezuela is feverishly trying to figure out what a "wallet" is before their last Bolivar is gone. I guess that's what they get for accepting money named after a Communist revolutionary. Meanwhile, in the land of nabobs, where currency manipulation is a blood sport, the government has unexpectedly announced that their crazy speeches about making Bitcoin illegal were premature, so they will "regulate" it after all. Good luck with that, BJP. Meanwhile, in Switzerland, Falcon, a private bank, became the first to be government approved to manage bitcoin assets, thereby potentially opening the door to billions in parity between the legendary alpine gold Franc and the NEW KID ON THE BLOCK--all carefully monitored by the gnomes of Zurich, of course. Meanwhile, in South Korea, ATMs now allow withdrawals in cash out of Bitcoin accounts. Meanwhile, in the cradle of Bitcoin a "magistrate judge", whatever the hell that is, scolded the IRS for trying to seize the records of every account in Coinbase, and gas stations in Miami now allow you to buy bitcoins at special automated kiosks. You just put your raw cocaine in a cup in the machine and it gives back a receipt with the public and private key of a newly-created bitcoin address. Meanwhile, US retailers are experiencing shortages of high-end graphics cards. Trying to buy a Nvidia Tesla? No can do. Distributors are saying only that there are "production hiccups", but the word on the street is that--you guessed it--the AntPool guys are buying them up.

The next 30 days are going to be crazy, fasten your seat belts.

[The_Dark_Knight]

I think you are right but I do not think we are going to see anything as wild bitcoin price has gone up today with the news that BIP 91 has locked in, this has created optimism in the market since that means bitcoin is going to activate segwit imminently so I think the most important part already happened those that bough bitcoin at lower prices are going to earn a lot.

[satoshforever]

Crypto is always exciting. I'm long Bitcoin in the medium-long term, not sure about the short term. Regarding volatility, I actually I think it'll go up gradually and not crazily

[traderethereum]

its start now and i am agree with OP said and we must prepare right now. its better if we can save fiat and btc in the same time so if we are seeing the price go down too far, we can buy with lower price and if btc is increase, we can sell our btc to be fiat. for people which buy at the lower price yesterday can make a big profit if btc price is still increase more than now and maybe they will buy again if there is any decrease of the price. but i wonder, how much bitcoin price will increase? this is my big question until now.

[Gorgonio]

Crypto is always exciting. I'm long Bitcoin in the medium-long term, not sure about the short term. Regarding volatility, I actually I think it'll go up gradually and not crazily

After two years of arguing, the question was finally decided Segwit
Market volatility is also a normal reaction
Speculators should make a decision before August 1

[inthelongrun]

The time has come for bitcoin to be flying high with colors. This is indeed a wild ride. Bitcoin is already hitting $2800. And to think it has been dipping very low in the past few days. This is happening due to the agreement even if the segwit2x is not yet happening. There is still time left for buyers. When the implementation comes, the price will likely go berserk. Bitcoin is unstoppable.

[Considered]

The segwit has been locked. Next is to activate. This will be another FUDrama.

[jonald_fyookball]

The segwit has been locked. Next is to activate. This will be another FUDrama.

i actually don't think so.  FUDDing chapter is over.  Market will now decide things.

[TimeTeller]

Been watching the rise of BTC also. And I can say, there are moments that are heart-stopping ones.
Everyone is excited for what will happen come this Aug 1. The whales are rejoicing on the other hand. 
For those who are large BTC holders, I believe they don't have a good night sleep nowadays until this wild ride subsides.

[Kemarit]

The segwit has been locked. Next is to activate. This will be another FUDrama.

Drama is over. BIP91 has officially locked in. This is a good news for bitcoin ecosystem which drove this spike last 24 hours. Casual investors and big whalers you are a bit nervous in the last few weeks will probably have a good night sleep seeing this news. But I will still be cautious because the price is really unpredictable although the price has increased 14% and its above $2600. We need to watch how the market goes. However, I'm pretty optimistic about it, just hold on your bitcoin, it you have some extra cash at hand you should buy more. I'm speculating that we can touch the magical $3000 very soon. IMHO.

[John Titor]

On an aside, the Bolivar is named after Simon Bolivar, and he was NOT a communist, just a revolutionary.  He was born 35 years before Karl Marx therefore it is erroneous to call him a communist when the manifesto hadn't even written yet.

Back on topic, great post otherwise and I agree completely, this will be one wild ride.

[kodes88]

as a trader,i just wishing the best for bitcoin price,and yeh lets safe mcafee's dick everyone exciting bout next first August and wishing the best for their bitcoin,going wild or not in next month,bitcoin price already have good movement this day,its time to buy more bitcoin and hold until next month??

[machinek20]

Yes it is going to be a wild ride, recently the price is really out of control and the future of bitcoin still unsure, there are so many speculations and unsure things, hopefully everything turns out well, but still need to be careful in this few weeks, the price can go wild again and I am afraid to do any trading in this few weeks

[European Central Bank]

if you'd told someone in 2015 that bitcoin would gain nearly 1000 dollars in 24-48 hours they would've had you locked up. it's still pretty hard to process.

[Torque]

I think that the upcoming hard fork scenario coming up in November is going to be an absolute shit show, and I think the whale troll traders will be coming out in force to spam major FUD and slam the price all over the place.

Remember how it was during the whole BU fork scare fiasco? Remember what happened in the market during that time?

Yeah, it'll be like that but worse.

[amacar2]

I think we will see some correction just after segwit activation and we might have to wait for few more weeks to see any significant pump on price but bottom for that pump will be $3k for sure.

I am waiting right now to sell my altcoins to hold only bitcoin for next few months so that I can ride on wild pump bitcoin might have soon.

[iqlimasyadiqa]

as a trader,i just wishing the best for bitcoin price,and yeh lets safe mcafee's dick everyone exciting bout next first August and wishing the best for their bitcoin,going wild or not in next month,bitcoin price already have good movement this day,its time to buy more bitcoin and hold until next month??

August was a very wild time. In early August we must be able to accept everything that happens. So seeing the bitcoin movement will always be a benefit, because at that time bitcoin prices may have to be monitored. For me profit is a top priority, so I have to really see the bitcoin price movement very well.

[Paycoinzzz]

as a trader,i just wishing the best for bitcoin price,and yeh lets safe mcafee's dick everyone exciting bout next first August and wishing the best for their bitcoin,going wild or not in next month,bitcoin price already have good movement this day,its time to buy more bitcoin and hold until next month??

August was a very wild time. In early August we must be able to accept everything that happens. So seeing the bitcoin movement will always be a benefit, because at that time bitcoin prices may have to be monitored. For me profit is a top priority, so I have to really see the bitcoin price movement very well.

Find the ways earning extra profit is good, but I think management your funds and how to keep safe 100% profit earned important than earning small profit and take more loss. In next time, we are know Bitcoin can split network blockchain if HardFork happening, and when this, and when it happens, Bitcoin market will very panic and not safe

[Script]

All aboard! Moontrain is leaving station, the way to the moon is through mountain terrain, resembling a roller-coaster.

[el kaka22]

I think we will see some correction just after segwit activation and we might have to wait for few more weeks to see any significant pump on price but bottom for that pump will be $3k for sure.

I am expecting a correction well before the end of July itself. Because still there could be more number of bitcoiners who want to stay safer before the activation of segwit and even after segwit activation we can expect some people will be leaving with the reason of profit booking.

I am waiting right now to sell my altcoins to hold only bitcoin for next few months so that I can ride on wild pump bitcoin might have soon.

Does not sound to me as a good plan because both bitcoin and altcoins were riding simultaneously in recent times and we can expect same thing to happen even after activation of segwit.